Freedom in all financial and internal administrative matters

A Co-operative society under Co-operative Credit Structure shall have freedom to decide its financial and internal administrative matters, which include:- (i) the interest rates on deposits and loans Provided that in the case of the State Co-operative Bank & a Central Co-operative bank, the interest rates shall be in conformity with the guidelines issued by the Reserve Bank; (ii) the borrowing, investment, depositing its surplus funds, loaning policies (including individual loans) and other business policies; (iii) [Omitted]; (iv) the internal checks and control systems, appointment of auditors, compensation for the audit and other internal administrative issues; and (v) the borrowing from any financial institution regulated by the Reserve Bank of India, keeping in mind the interest of the society and its members.